Thursday, October 24

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 24 October 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tesla shares soar 20 per cent in after-hours trade after posting a net profit in the third quarter, and Donald Trump says he will remove sanctions imposed on Turkey a day ahead of a Nato defence ministers meeting. Plus, WeWork plans to axe 4,000 jobs, European Council president Donald Tusk is trying to persuade leaders to back a Brexit delay and Boris Johnson’s government and party are split on whether to push for a general election. Then, the FT’s Washington correspondent, Kiran Stacey, unpacks Mark Zuckerberg’s defence of the Libra digital currency project.

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Transcript

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0:00.0	The UK's energy partner.
0:06.0	Learn more at equinore.
0:10.0	Good morning from the newsroom of the Financial Times.
0:12.0	Today is Thursday, October 24th. Good morning from the newsroom of the Financial Times.
0:12.6	Today is Thursday, October 24th,
0:15.2	and this is your FT news briefing.
0:18.6	Tesla's third quarter wowed investors,
0:21.2	while Ford had to lower its outlook. And in Brussels today, NATO will meet to discuss
0:26.4	the ongoing turmoil at the Turkish-S Syrian border. Plus Facebook Chief Executive Mark Zuckerberg spent hours in front of US lawmakers
0:34.9	yesterday defending his plans for a global cryptocurrency. Our Washington
0:39.6	correspondent Kiran Stacy will unpack it for us. I'm Mark Filipino and here's the news you need to start your day.
0:49.4	Tesla enjoyed a big bounce in after hours trading yesterday after it delivered a trifecta of
0:54.8	upbeat news to investors. Shares in the electric carmaker were at more than 20%.
1:00.8	Tesla posted a rare net profit in the third quarter against widespread expectations of another loss.
1:07.0	It said its new Model Y SUV was ahead of schedule and ready to launch by next summer.
1:12.0	Chief Executive Elon Musk added that he expects the vehicle to outsell all other models in Tesla's current lineup combined.
1:20.0	And while Tesla wowed investors, Ford disappointed.
1:24.0	The company lowered its full-year profit outlook after booking weaker earnings in the three months that ended in September.
1:30.0	The company cited slower sales in China and a need to offer bigger discounts in North America.
1:37.0	Yesterday, U.S. President Donald Trump said he would remove sanctions on Turkey.
1:45.0	Those sanctions were imposed last week to punish Ankara for its military advance against Kurdish forces in Syria.
1:52.0	Mr. Trump has been widely condemned for appearing to give Turkey
	...

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